Possible futures of the Ethereum protocol, part 1: The Merge (eth.limo) 2mo • mishaderidder.eth • Share Kiwi link • Copy Kiwi link | |
Summarized for your convenience ;) • Transition to Proof of Stake: Ethereum's transition from proof of work to proof of stake, known as "the Merge," has been successful for nearly two years, showcasing stability and performance. • Need for Improvement: Despite the successes, there are areas within proof of stake that require enhancements, particularly in technical features and economic changes to mitigate centralization risks. • Finality Mechanism: Achieving economic finality is crucial; it ensures that reverting finalized blocks is costly for attackers, which necessitates all validators participating in the signature process. • Single-Slot Finality: Research is ongoing into achieving single-slot finality, which would allow transactions to be confirmed almost instantaneously, improving user experience. • Democratizing Staking: Lowering the minimum staking requirement from 32 ETH to 1 ETH could encourage more solo stakers, addressing current barriers to participation. • Potential Solutions: Various strategies, such as brute force signature aggregation and two-tiered staking, are being explored to balance efficiency and security without compromising economic finality. • Security Improvements: Increasing the required percentage of stakers for block finalization from 67% to 80% could enhance security and reduce the likelihood of quick victories for malicious actors. Personally looking forward to lowering of the minimum staking requirement to 1 ETH. Solo staking ETH LFG! And if you want to listen to the podcast version of it: https://notebooklm.google.com/notebook/96f45cab-3ece-4a7b-8736-1b8374389a8b/audio | |